AG files suit against landlord in paint case
Attorney General Sheldon Whitehouse has filed suit against a Central Falls landlord who allegedly has failed to remove lead-based paint from his rental properties. The suit filed against Jose Lopes brings the number of pending lawsuits brought by the Attorney General in lead paint cases to 18. It is alleged that Lopes, owner of properties at 661 Pine Street, and 63 Fletcher Street both in Central Falls failed to abate lead paint hazards at both addresses despite numerous actions taken against him by the Rhode Island Department of Health.
More than 50 cases are being reviewed by the attorney general for possible legal action.
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State launches enhanced CollegeBoundfund
State officials and education leaders last week announced the enhancement of the CollegeBoundfund, a tax-advantaged state-sponsored 529 college savings program originally launched in 1998.
According to state officials, the enhanced fund will offer Rhode Island families greater flexibility than other existing 529 plans, with five investment portfolios including two age-based options, a low minimum investment, a high maximum contribution limit and lower fees than the previous plan. The new plan will be managed by Alliance Capital.
In compliance with a 1996 federal law, which allows states to develop 529 college savings plans, in 1997, the General Assembly passed, and Governor Lincoln Almond signed, legislation creating a Rhode Island program. The tax-deferred, state-sponsored 529 program was known as the Rhode Island Higher Education Savings Trust, or RIHEST. Since that time, the name and the management have changed.
Layoffs at Paramount
Pawtucket-based greeting card maker Paramount Cards announced that it has laid off 51 employees, almost 12 percent of its total staff, because of two lost accounts.
The company laid off 48-full time and 3 part-time workers on October 25, leaving the company with 429 employees.
The company, which makes greeting cards of all types, doesn’t expect any further layoffs and hopes to bring back a number of the laid-off workers when its new accounts grow.
